Sec Form 13D Filing - BOWES JOSEPH G filing for Cytosorbents Corp (CTSO) - 2006-07-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. ___)*

Gilder Enterprises Inc.
________________________________________________________________________________
(Name of Issuer)

COMMON STOCK, $0.001 PER SHARE PAR VALUE
________________________________________________________________________________
(Title of Class of Securities)

375553-10-4
______________________________________
(CUSIP Number)


Joseph Bowes
3639 Garibaldi Drive
North Vancouver, BC Canada V7H 2W2
(604)924-8180
 
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 6, 2006
________________________________________________________________________________
(Date of Event Which Requires Filing of this Statement)

 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


CUSIP No. 375553-10-4


 
1.
Names of Reporting Persons:  Joseph Bowes
I.R.S. Identification Nos. of above persons (entities only): Not Applicable
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
[_]
(b)
[_]
 
3.
SEC Use Only:
 
4.
Source of Funds (See Instruction): PF

5.
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):  [ ]
 
6.
Citizenship or Place of Organization: Canada

Number of Shares Beneficially by Owned by Each Reporting Person With:

7.
Sole Voting Power:   0 SHARES
 
8.
Shared Voting Power:   N/A
 
9.
Sole Dispositive Power:  0 SHARES
 
10.
Shared Dispositive Power:  N/A
 
11.
Aggregate Amount Beneficially Owned by Each Reporting Person:  0 SHARES
 
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): [ ]
 
13.
Percent of Class Represented by Amount in Row (11): 0%
 
14.
Type of Reporting Person (See Instructions): IN
 

2

CUSIP No. 375553-10-4


ITEM 1. SECURITY AND ISSUER.

This Statement on Schedule 13D relates to the common stock, par value $0.001 per share (the "Shares"), of Gilder Enterprises Inc., a Nevada Corporation (the "Issuer"), and is being filed by Joseph Bowes (the "Reporting Person"). The Issuer's current principal executive offices are located at 7 Deer Park Drive Suite K Monmouth Junction, New Jersey

ITEM 2. IDENTITY AND BACKGROUND

(a)
Name. The name of the Reporting Person is Joseph Bowes

(b)
Business Address. The business address of the Reporting Pe rson is 3639 Garibaldi Dr. North Vancouver Canada V7H 2W2
 
(c)
Occupation and Employment. Joseph Bowes was employed as the Issuer’s Chief Executive Officer and Chief Financial Officer.

(d)
Criminal Proceedings. During the previous five (5) years, the Reporting Person has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)
Civil Proceedings. During the previous five (5) years, the Reporting Person has not been party to a civil proceeding of any of a judicial or administrative body of competent jurisdiction such that, as a result of such proceeding, the Reporting Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)
Citizenship. Canada

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

The shares to which this statement relates were purchased by Joseph Bowes with his personal funds.

ITEM 4. PURPOSE OF TRANSACTION

The purpose of this Schedule 13D is to report a material decrease in the percentage of common shares beneficially owned by the Reporting Person.

The Reporting Person does not have any current plans or proposals which would relate to or would result in:

(a)
the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

(b)
any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

(c)
a sale or transfer of a material amount of the assets of the Issuer or any of its subsidiaries;

(d)
any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

(e)
any material change in the present capitalization or dividend policy of the Issuer;

(f)
any other material change in the Issuer's business or corporate structure including, but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any
 
3

 
 
changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940;
 
(g)
changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede acquisition of control of the Issuer by any person;

(h)
causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

(i)
a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or

(j)
the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

(k)
any action similar to any of those enumerated above.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

(a) Aggregate Number and Percentage of Securities. The Reporting Person was the beneficial owner of 4,000,000 shares of Common Stock of the Issuer. On July 6, 2006, these shares were disposed of by returning to the treasury.

(b)
Power to Vote and Dispose. The Reporting Person has sole voting and dispositive power over the Shares identified in response to Item 5(a) above.

(c)
Transactions Within the Past 60 Days. The Reporting Person has not effected any other transactions in the Issuer's securities, including shares of the Issuer's common stock, within sixty (60) days preceding the date hereof.

(d)
Certain Rights of Other Persons. Not applicable.

(e)
Date Ceased to be a 5% Owner. July 6, 2006


ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

The Reporting Person does not have any contract, arrangement, understanding or relationship with respect to securities of the Issuer including, but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Further, the Reporting Person has not pledged securities of the Issuer nor are the securities of the Issuer held by the Reporting Person subject to a contingency, the occurrence of which would give another person voting power or investment power over such securities.


ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

None.
 
4


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 
 Date: July 6, 2006
 
 
 /s/ Joseph Bowes
 Signature of Joseph Bowes